A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an

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A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 109% of its $1,000 par value. If the last interest payment was made 3 months ago and the coupon rate is 5.20%, the invoice price of the bond will be _________.

Posted Date: May 18, 2024 12:04 PM

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